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Participants at the conference (Photo: VNA) Bangkok (VNA) - A conference to promote trade exchange s between businesses in the north-central region of Vietnam and those in Khon Kaen and Ubon Ratchathani provinces in the northeastern region of Thailand was held in Thailand on September 18-20. As part of the national programme on trade promotion , the event was jointly organised by the Vietnamese Consulate General in Khon Kaen, the Investment, Trade and Tourism Promotion Centre of the central province of Quang Tri, and the authorities of Khon Kaen and Ubon Ratchathani provinces. Vietnam ese Consul General Chu Duc Dung stressed that there remains great potential for Vietnamese goods to penetrate the Thai market because this country is home to a large community of overseas Vietnamese, with many of whom own supermarkets, distribution and supply stores. He affirmed that the Consulate General is always ready to accompany Vietnamese and Thai businesses in promoting … [Read more...] about Vietnamese firms seek to boost trade ties with businesses in Thailand’s northeastern region

An investor watching the market's movements on her cellphone at an office of Bảo Việt Securities Company. — VNA/VNS Photo The Vietnamese stock market logged the second straight weekly fall last week, with the VN-Index breaking below the key psychological level of 1,200 points. The bearish trend is expected to extend this week, said experts. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index only gained on September 20 and lost for the rest of last week. The index closed the week at 1,193.05 points. Similarly, the HNX-Index on the northern bourse, the Hà Nội Stock Exchange (HNX), experienced the same trend and was last traded at 243.15 points. For the week, both benchmark indices posted a weekly loss, with the former down 2.8 per cent and the latter down 3.8 per cent. Liquidity on the two main exchanges also declined over the previous session. In particular, on HoSE, liquidity slid 11.1 per cent in value to VNĐ118.5 trillion (US$4.86 billion), while it decreased 5.5 per … [Read more...] about Market may continue trading negatively this week: experts

Employees of a timber company examine a tree in an FSC-certified forest in Tuyên Quang Province. Sustainable management of forests is one of the requirements at the heart of EVFTA. — VNA/VNS Photo Quang Cường The EU-Việt Nam Free Trade Agreement (EVFTA) includes a chapter dedicated to sustainable development that covers not only environmental but also labour-related issues, said an official of the Ministry of Industry and Trade. Ngô Chung Khanh who is Deputy Director General of the ministry's Multilateral Trade Policy Department said the issues of climate change, biodiversity, and the sustainable management of forest and living marine resources in bilateral trade had been brought to the fore since the formation of the agreement. Vietnamese producers, under EVFTA, must now actively engage in the fight against illegal, unreported, and unregulated (IUU) fishing and fishing-related activities, and implement measures to exclude IUU-related products from the trade flows. They are … [Read more...] about Green transition holds the key to the EU market

Two tea pickers sitting in the shade of a centuries-old tea tree in Suoi Giang (Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) has always devoted its time and money to promoting products made by ethnic minorities and people living in mountainous areas (EM&MP). That remark was made by Le Viet Nga, Deputy Director General of the ministry’s Domestic Market Department at the workshop "Market Development for Products Made by EM&MP" on September 20. Nga said the Government had charged the ministry with two tasks that were aimed at bringing EM&MP-made products to big cities and urban areas. The first involves upgrading their marketplaces to facilitate commercial flows back and forth, and the second centres around the formation of a team that helps boost sales once the products enter the markets. "Many trade points have also been established, where EM&MP can purchase their essentials and sell their products to big cities," said Nga. … [Read more...] about Efforts to promote products made by ethnic minorities

Talking to First Secretary of the Communist Party of Cuba and President of Cuba Miguel Diaz-Canel, PM Pham Minh Chinh affirmed that the Party, State, Government, National Assembly, and people of Vietnam never forget Cuba’s wholehearted assistance for Vietnam’s struggle for national liberation, always treasure and stay determined to further intensify the traditional solidarity and comprehensive cooperation between the two countries, and support the just revolutionary cause of the Cuban people. He underlined Vietnam’s consistent stance of not supporting but demanding the unilateral sanctions against Cuba be removed. The PM held that the two sides should maintain close cooperation to enhance trade and investment links and develop their economic ties on par with the sound political relations as directed and wished by the countries’ Party and State leaders. President Miguel Diaz-Canel said the Cuba - Vietnam relations form a noble symbol of the comradeship and close-knit friendship, … [Read more...] about Vietnamese PM meets global leaders in New York

Vietnamese Minister of Foreign Affairs Bui Thanh Son (R) meets with Lao Deputy PM and Foreign Minister Saleumxay Kommasith in New York on September 20. (Photo: VNA) New York (VNA) – Vietnamese Minister of Foreign Affairs Bui Thanh Son met with Deputy Prime Minister and Minister of Foreign Affairs of Laos Saleumxay Kommasith, Minister for Foreign Affairs and External Trade of the Salomon Islands Jeremiah Manele, Minister of State for Foreign Affairs of Uganda Henry Oryem Okello, and Vice President of the European Commission for Interinstitutional Relations Maros Sefcovic in New York on September 20. The meetings took place on the occasion of their attendance in the high-level general debate of the United Nations General Assembly. Talking to Kommasith, Son applauded the sound development of the two countries’ relations, especially high-level mutual visits and meetings, and the promotion of key cooperation projects in the recent past. The Lao official spoke highly … [Read more...] about FM meets senior officials of Laos, Salomon Islands, Uganda, EU

Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups

Farmers are having to adapt to new methods, and experts are here to assist, photo Le Toan At last week’s seminar on Vietnam-Japan cooperation on green growth in Hanoi, a representative of the Ministry of Agriculture and Rural Development (MARD), said that Vietnam-Japan cooperation in agriculture could double or even triple in the coming decades. Nguyen Do Anh Tuan, general director of the MARD’s International Cooperation Department, highlighted some key areas for Vietnam, including improving plant varieties, high-tech production and processing, forest protection, capital investment and mitigating the effects of natural disasters. Some localities in the country have shown great interest in adopting Japan’s high school agriculture education model, which aims to provide agriculture knowledge to students along with high school-level general education. The model, which has been piloted in the northern province of Nam Dinh, has proven popular with students from across the country. … [Read more...] about Japan at fore of experience in agriculture

On September 21 in New York, the US, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including Apple. At the meeting, Nick Ammann, Apple vice president of global policy, said, "Vietnam is a very important market and production area for Apple. There is a lot of potential for cooperation given the outstanding growth in production scale and export value of Apple products in Vietnam during this challenging period. This affirms the group's trust in the Vietnamese market." "Apple is very interested in Vietnam's clean energy strategy and wants its suppliers in Vietnam to gain access to clean energy. At the same time, Apple wants to engage in HR development and training, especially for software development," he said. Apple's suppliers, such as Lux Share, Foxconn, Compal, and GoerTek, operate 32 factories in Vietnam. These factories create jobs for 160,000 workers producing and assembling components for Apple products. PM Chinh … [Read more...] about Apple deems Vietnam an important market and production hub

How much will Japan work with Vietnam and ASEAN to help with the energy transition? Kinoshita Tadahiro, director general of Sojitz Vietnam and president of the Japanese Chamber of Commerce and Industry in Vietnam We highly appreciate the government and related ministries for the national green growth strategy, as well as the action plan on green energy transition and reducing carbon and methane emissions of the transportation sector. Completing the legal framework is an important factor to achieving this goal. In the context of increasing energy demand in Asian countries, the Japanese government is ready to cooperate with ASEAN countries in the energy transition process by providing more financial and technical support for testing and applying emission-reduction technologies. Accordingly, Japanese businesses wish to contribute to an effective energy transition in Vietnam by increasing private investment and applying deflation technologies, aiming to achieve … [Read more...] about Green-focused businesses ready for cooperation